State Street strengthens Italian presence following successful acquisition


ITALY - State Street has strengthened its European presence with the opening of two new offices in Milan and Turin, Italy. The move is part of the company's successful integration efforts with Intesa Sanpaolo (ISP) which has a presence in both Italy and Luxembourg.

State Street acquired the securities services business of ISP in May 2010, adding approximately €369bn ($530bn) in assets under custody and 529 employees to its portfolio. Joe Antonellis, vice ...

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